The research identified three key dimensions of a good later life:
- financial security
- social connections
These were consistent regardless of gender, ethnicity or other socio-demographic characteristics. These dimensions are interrelated and all influence each other. They also have an impact on the extent to which people feel happy, satisfied with their lives, and that their life has meaning and they are in control. Interestingly, the study revealed the significance of strong social connections and how they help some people to overcome disadvantages such as poor health or a lack of financial security.
There is wide variation in how people experience later life. We identified six groups of people aged 50 and over according to their experiences, circumstances and levels of wellbeing.
We identified six later life groups of people aged 50 and over according to their experiences, circumstances and levels of wellbeing. These six groups (or segments) are of broadly similar size and are distributed evenly across the country:
- Thriving Boomers
- Downbeat Boomers
- Can Do and Connected
- Worried and Disconnected
- Squeezed Middle Aged
- Struggling and Alone
Wellbeing in later life
There are opportunities to learn from those groups that have higher levels of wellbeing than could be expected on the basis of their health, financial situation or social connections. We are using the many insights from this study to help inform which topics we focus on and who we work with to affect change.
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